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AFP - Global stocks plunged to new depths in the financial vortex on Wednesday with London shares down nearly 6.0 percent after the Tokyo market came unhinged with its worst fall for more than 20 years.

Reuters - Britain announced plans to inject up to 50 billion pounds ($87.2 billion) in capital into its biggest retail banks on Wednesday and Hong Kong slashed interest rates to try to stem the global financial crisis.

Reuters - The Nikkei average plunged 9.4 percent on Wednesday, its biggest one-day drop since the 1987 stock market crash, as fear spread of a global recession, fueled by expectations of a slide in profits at Toyota Motor Corp (7203.T) and a firmer yen.

Reuters - Central banks across Asia stepped up to offer more support to commercial banks on Wednesday, to try to ease painful pressure on funding costs from a vicious global credit squeeze.

Reuters - South Korea's currency fell to its lowest level since the Asian financial crisis a decade ago on fears the region's fourth-largest economy could buckle in the turmoil tearing through global markets.

Reuters - Citigroup Inc is looking for potential partners in its bid for Wachovia Corp , seeking to wrest the upper hand from Wachovia's other suitor Wells Fargo & Co , the Wall Street Journal said, citing people familiar with the matter.

Reuters - U.S. consumer borrowing fell for the first time in more than a decade in August amid tighter credit markets, tougher lending standards and declining consumer spending, a Federal Reserve report showed on Tuesday.

Reuters - Wells Fargo & Co is likely to get about 75 percent to 80 percent of Wachovia Corp's deposits, while Citigroup is likely to get closer to 20 percent to 25 percent of the deposits, a person briefed on the matter said on Tuesday.

Reuters - Morgan Stanley said on Tuesday its deal to sell up to 24.9 percent of its voting shares to Japanese bank Mitsubishi UFJ Financial Group (8306.T) was on track to close "imminently," sending its shares rebounding from earlier lows.

Reuters - Federal Reserve Chairman Ben Bernanke on Tuesday signaled a readiness to lower U.S. interest rates in a dramatic shift to support an economy battered by a financial crisis of "historic dimension."